Ashland Partners provides examinations of the Prohibited Transaction Exemption (“PTE”) 84-14 for plan assets transacted by independent Qualified Professional Asset Managers (“QPAM”).

Services

QPAM Exemption Audit

We conduct examinations of the Prohibited Transaction Exemption (PTE) 84-14 for plan assets transacted by independent Qualified Professional Asset Managers (QPAM).

The purpose of a QPAM exemption audit is to determine whether the QPAM is in compliance with applicable written policies and procedures, as well as with the objective requirements of the exemption.

During this type of audit, we
  • Review the written policies and procedures adopted by the QPAM
  • Test a representative sample of the plan’s transactions during the audit period in order to determine if the QPAM is in compliance with its policies, procedures and the objective requirements of the exemption
  • Determine whether the QPAM has satisfied the definition of a QPAM

For further information or to discuss how we can help you, please contact us.